Pre approval question

Hello fellow members I put in an application for a preapproval from Navy Federal. They pulled my credit on 6/18. Since then I have not heard one word from them. I have called and my LO just tells me it is in the UW department and he will let me know when he hears anything. My question is, has anyone ever actually gotten a preapproval after waiting this long? Also, if it was a simple denial (sort of like I was expecting), do you think I would have been told sooner. Its been about three weeks so far. Thanks for any input.

thank you frugalQ and everyone else for the feedback. It does seem very odd how this process is going. I was hoping NFCU would work out since i have my car loans through them but perhaps their mortgage department is not the best. This app was intended to see where I stand more than anything else so I will probably hold off on apping anywhere else. I am in a rental lease till Feb so I was hoping to hear what i need to fix in order to be ready for the process later this year. Thanks again.

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Question about pre-approval for new construction

I am interested in doing an FHA loan for a new construction home. The builder allows buyers to put down only $2000 upfront if you get pre-approved through their preferred lender. My question is do we have to have ALL the monies we need for down payment and closing costs in the bank before the lender will do a pre-approval? We still need to save a bit but I know we will have everything by the time the building is completed and it's time to close on the loan. Any folks out there with experience that can help me understand how it might work? I don't want to be premature on applying for the preapproval but I'd love to start the process soon if possible.

I am a sales counselor with a national home builder. We require preapproval with our lender in order to sign a purchase agreement. AT signing we require an earnest money deposit [not to be confused with downpayment for mortgage purposes] and it varies from $3,000 to $10,000. The EMD is kept in escrow and is returned to the buyer at the closing table. A downpayment is how much money the buyer is bringing to the closing table and that determines how much mortgage money your lender will deliver to the closing table. The EMD can be used for downpayment as it remains the buyer's money. At our discretion, we will allow a buyer to sign a purchase agreement and allow them to save for the downpayment over the 5 months of construction time. It is always preferable that the downpayment money is already sitting in an account up front ... but that is not always the case. It reallly depends on the builder whether or not the downpayment has to be already available at preapproval time.

Questions about Barclaycard Pre-approval mailings.

This is a bit strange to me, so I wanted to ask the community if they have ever faced a similar situation. I opened a Barclaycard Rewards account in February. At the time it was 24.99% APR. I got a mailing in July for the same card, saying I was pre-approved. I decided to apply since it had a lower APR. I was approved, and then combined my old bacrclay accounts to the new one. This closed the old accounts. Yesterday, I get *another* preapproval letter in the mail for the same card. I'm obviously not going to apply again, but what gives? Are they going to be sending me pre-approvals for a new card every month now? lol?

So they can still decline you if they send you pre-approvals though, right? I mean, every time you apply, at minimum you add an inq to your report. At some point, there has to be a threshold that they don't like you to pass, are they just going to ignore that if you just happen to be there and then approve you anyway? Pre-approvals aren't guarantees in other words, is what I'm pretty much asking.

Raising Score for Mortgage Pre Approval

Hi, not sure if I posted this under the right forum but here goes....I tried to apply for a pre approval for a mortgage. Looks like I have been monitoring on myfico the wrong version of my scores the lender would use, I was suprised at how many points lower they were. (since then Ive figured out how to see the additional versions on here to see which scores the mortgage lenders use.) Anyway back to my question...it looks like my median score is a 664 my husbands is possibly 654-665? Not sure, Loan officer will not disclose that to me. HOWEVER my question is how can I increase my credit score quickly? In about 30 days? Pay credit cards down to under the 50% line? if I do this next week they should all hit my report again by the end of the month. I just wanted to see if anyone else did this and if it worked? The loan officer said thats probably what was hurting our scores was the ratio of usage on a few of my cards....Thanks!

cg02544 wrote:
Bulldogmom, what type of mortgage loan are you applying for? 680 minimum score is higher than most lenders minimum scores if you are looking for the run of the mill conforming non-jumbo loan.its a 100% first time homebuyers loan offered through a credit union. theres no PMI requirement, however their credit score requirements are a little strict compared to other loans because the mortgage stays with them & isnt sold supposedly so they are taking a risk with you. its 100% financing though no down payment BUT you have a higher interest rate (i guess thats where they make up for the 100% financing?) So my median has to be at least a 680. My scores are 637, 664, 665. so right now my median is 664. Still 16 points away, however my husband and I have a couple cards where the usage is higher so im going to pay that down to get them to 45% usuage verses the 90%, 80% & 70% they are at right now

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I called the support line again. We hit a brick wall. All in all I have been transferred atleast five times for a total of five hours on the phone. I want to return this blasted device but they are demanding a 10% restocking fee for SOMEONE ELSES mess up.
So let's do the math. I waited three hours. Had a credit inquiry posted to my report. Paid $600. Talked to support for over five hours. And made a 20 mile drive three times.
I DO NOT WANT THIS PHONE ANYMORE. However. I would rather eat the $600 then pay the %10 percent return fee. A big EFF YOU to apple and at&t.
Now if I finally do get it activated I look forward to waiting another four days for it to work.

Well all the information I am putting in is valid, not made up. And still nothing!
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Also, if I just skip putting in the code I get further in the activation, up to the point where it tells me my three options with AT&T. At this point there is a LINK that says "I have a pre-approved credit code", but that link just returns you to the very beginning page (same as starting over)... wonder if it's broken or supposed to work that way?...

Standard Purchase Order in Pre-Approved status

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Failed Activity Reserve Document
Workflow Errors: POAPPRV, 13-45, 63544
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Error Name WFENG_ITEM_ATTR
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Regards
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Hi,
Thanks.
Doc ID 563649.1 is applicable.As per doc suggest to apply 1) patch 6717387 2) patch 5251823 & 3) patch 5263523.
But which patch should I apply.
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Regards
GSM

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Need to do the security for "release" pre-approved batches

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We need to control the finance users just for entering pre-approved batches and submitting only (not allowed for release) and then the finance manager will "release" the same batches and do the distribute costs.
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Hi,
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Hi all,
I have entered timecard expenditure through pre-approved batches > submitted and released. To distribute cost and transfer it to GL, i hv submitted program 'PRC: Distribute Labor Costs' and in output it is showing error'Missing Cost Rate' as cost rate is mentioned in expenditure type window...
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Edited by: user7712617 on Apr 5, 2010 4:11 AM

Hi
You may want to review Oracle's documentation, see Oracle Projects Implementation Guide.
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Can we send pre-test score (Pre-test question slide) and post test score (Question slide) both in lms from captivate?

can we send pre-test score (Pre-test question slide) and post test score (Question slide) both in lms from captivate?

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The
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Pre-Sales Questions: RV220W & SRP 547W

Hi,
Couple of pre-sales questions if you don't mind:
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2. Does the Cisco SRP 547W Wireless Router allow wireless clients to tunnel into the WLAN using VPN?
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Is there an 800 number that one can call for pre-sales questions? Unfortunately the closest AppleStore is 60 miles from my home.

1159/3605
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Responses you get here are from other users that volunteer to share their Apple knowledge.
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Thanks a lot for the support and gratitude! I learned most of my knowledge of credit from my mom who has amazing credit and myfico forums. The internet is a true blessing because without these forums I'd never know whether to apply for a card I'm interested in or not haha. But I'll try again on the pre-approval sites by like thursday or friday to see if anything changes because according to my credit profile I think I'd qualify for a lot of prime cards P.S I also learned what not to do from my older brother who had debt collectors calling him for his gym contract he stopped paying

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